Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Tax on Rental Income of Vacant Flat Limited to Municipal Value; ITAT Restricts Rs 5,026 as Rental Income
Income Tax
The ITAT held that the rental income of a vacant flat should be computed based on municipal value, limiting the taxable income to Rs 5,026. The decision provides clarity on assessing imputed rental income for vacant properties under the Income Tax Act.
